Question: The activity for a specific inventory item for the month of March was as follows: # of Per Unit Total Units Cost Cost October

The activity for a specific inventory item for the month of March

The activity for a specific inventory item for the month of March was as follows: # of Per Unit Total Units Cost Cost October 1 inventory 30 $28 $840 Purchases: October 5 100 30 3,000 October 13 60 October 15 90 25 32 1,92 36 3.240 Goods Available for Sale 280 $9.000 Sales: October 8 110 October 22 120 230 Using weighted average cost under a periodic inventory system, what is the balance of Ending Inventory (round intermediate and final calculations to the nearest dollar) as at October 31? $1,600 $2,040 $2,160 $1,980

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